As the UK Government strives to meet its net-zero targets by 2050, battery technology will only become more essential. The government targets have also led to the ban on the sale of new petrol, diesel, and hybrid cars from 2035 - meaning the UK's EV industry is likely to soar in the next few years.
The Faraday Institution estimates that 130 GWh of annual capacity will be required by 2040 if the UK is to retain a large automotive sector.
And before Britishvolt's announcement, recent hopes to house battery farms in the UK had dwindled, after losing out on a major investment in production by Tesla just last year. The company's chief executive, Elon Musk, blamed Brexit uncertainty for his decision to choose Berlin over a British location for his new gigafactory.
So, while costly, Britishvolt's gigafactory is set to have a huge impact on both the UK economy and the automotive industry. The project is also sure to lend the government a helping hand in reaching its net-zero goals by 2050.
